Collins, MO is a small town located in the Missouri River Valley. The cost of living is much lower than the US average, with a 2 bedroom rent of $760 compared to $1,430 nationally. Additionally, grocery costs are 4 percent lower than the national average at 94 index points. Despite it's size, Collins has several local businesses to contribute to its vibrant economy. Companies such as Collins Manufacturing and Staley Farms provide many job opportunities to the area, while establishments like Daisy's Bakery offer residents delicious treats.
Collins has an unemployment rate of 4.6%. The US average is 6.0%.
Collins has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 13.8%, which is lower than the US average of 33.5%.
Tax Rates for Collins
- The Sales Tax Rate for Collins is 4.7%. The US average is 7.3%.
- The Income Tax Rate for Collins is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Collins
- The average income of a Collins resident is $12,593 a year. The US average is $28,555 a year.
- The Median household income of a Collins resident is $37,054 a year. The US average is $69,021 a year.